Valaris Ltd (VAL)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 865,400 | 59,400 | 120,800 | 261,800 | 176,500 | 180,600 | 51,800 | -66,000 | -937,400 | -1,041,600 | -1,658,000 | -2,759,200 | -4,855,500 | -5,000,600 | -4,526,800 | -3,013,900 | -198,000 | -185,600 | -133,500 | -690,000 |
| Total assets | US$ in thousands | 4,322,200 | 3,484,900 | 3,088,400 | 2,951,200 | 2,860,300 | 2,821,200 | 2,760,800 | 2,637,700 | 2,603,100 | 2,602,500 | 2,601,700 | 11,946,900 | 12,873,200 | 12,911,200 | 13,038,900 | 14,025,100 | 16,931,200 | 17,230,600 | 18,440,100 | 13,863,000 |
| ROA | 20.02% | 1.70% | 3.91% | 8.87% | 6.17% | 6.40% | 1.88% | -2.50% | -36.01% | -40.02% | -63.73% | -23.10% | -37.72% | -38.73% | -34.72% | -21.49% | -1.17% | -1.08% | -0.72% | -4.98% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $865,400K ÷ $4,322,200K
= 20.02%
Valaris Ltd's return on assets (ROA) has varied significantly over the past five quarters, ranging from 1.70% to 20.02%. In Q4 2023, the company achieved a remarkably high ROA of 20.02%, indicating that for every dollar of assets, the company generated 20.02 cents in net income. This suggests that Valaris Ltd efficiently utilized its assets to generate profits during this period.
In contrast, the ROA decreased to 1.70% in Q3 2023, signaling a significant decline in profitability and asset efficiency compared to the previous quarter. Subsequently, in Q2 2023 and Q1 2023, the company's ROA improved to 3.91% and 8.87%, respectively, indicating a recovery in asset utilization and profitability.
Comparing the most recent ROA of 20.02% with that of the same quarter a year ago, which stood at 6.17%, shows a substantial increase in asset efficiency and profitability over the year. Overall, Valaris Ltd's ROA performance has been volatile but has shown improvement and strong performance in Q4 2023.
Peer comparison
Dec 31, 2023